Walmart Misses Profit Goal in Holiday Quarter as Online Sales Slow

Ivan Schwartz
March 1, 2018

The institutional investor held 9,115 shares of the major banks company at the end of 2017Q3, valued at $231,000, down from 1.36 million at the end of the previous reported quarter. Cambridge Trust Company who had been investing in Eaton Vance Corp for a number of months, seems to be bullish on the $6.40 billion market cap company. The stock increased 0.10% or $0.02 during the last trading session, reaching $19.23. UBS Group AG (NYSE:UBS) has risen 14.86% since February 20, 2017 and is uptrending. It has outperformed by 55.12% the S&P500. Gateway Investment Advisers LLC's holdings in Wal-Mart Stores were worth $83,823,000 as of its most recent SEC filing. First Quadrant LP sold 459,049 shares as the company's stock rose 13.55% with the market. The institutional investor held 8,134 shares of the consumer services company at the end of 2017Q3, valued at $636,000, down from 17,809 at the end of the previous reported quarter. Farmers & Merchants Investments Inc who had been investing in 3M Company for a number of months, seems to be less bullish one the $140.09B market cap company. About 16.06M shares traded or 77.74% up from the average.

Analysts await Walmart Inc. It has underperformed by 2.87% the S&P500. Following the completion of the sale, the insider now directly owns 19,060 shares of the company's stock, valued at $1,848,629.40. (NYSE:WMT) for 20,052 shares.

Investors sentiment is 1.02 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. The shares were sold at an average price of $96.69, for a total transaction of $198,891,716.76. 117 funds opened positions while 547 raised stakes. 263,000 were reported by Alphaone Investment Ltd. Legacy Private reported 0.09% in Bank of America Corporation (NYSE:BAC). Parkside Bankshares Trust has invested 0% in Eaton Vance Corp. Stevens Cap Limited Partnership holds 318,326 shares. Tiedemann Wealth Mgmt Ltd Com stated it has 56,362 shares or 0.14% of all its holdings. Mark Sheptoff Finance Planning Limited has 0.05% invested in Symantec Corporation (NASDAQ:SYMC) for 2,100 shares. WMT's SI was 36.67 million shares in February as released by FINRA. National Asset Management stated it has 0.24% of its portfolio in Walmart Inc. Proshare Advsrs Lc holds 0.84% of its portfolio in 3M Company (NYSE:MMM) for 434,044 shares. (NYSE:EV). Millennium Management Llc reported 0.1% in Eaton Vance Corp. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Wal-Mart Stores in a report on Tuesday, January 23rd. Parametric Portfolio Associates LLC lifted its holdings in shares of Wal-Mart Stores by 52.9% in the second quarter. (NYSE:WMT) for 112,074 shares. Stifel Nicolaus maintained it with "Hold" rating and $85 target in Wednesday, October 11 report. Cibc Asset Management reported 4,043 shares. Moreover, Oakbrook Investments Ltd has 0.12% invested in Walmart Inc. Edgewood Ltd Liability Co has 0.67% invested in 3M Company (NYSE:MMM) for 699,265 shares. Robert W. Baird maintained Walmart Inc.

The stock was down 6.5 percent to $98 in premarket trade. Perkins Coie Tru invested in 1,085 shares or 0.04% of the stock. Gearhart Jeffrey J sold 9,216 shares worth $727,698.

Among 13 analysts covering Eaton Vance Corp. Finally, Zacks Investment Research lowered shares of Wal-Mart Stores from a "buy" rating to a "hold" rating in a research note on Sunday, January 21st. Therefore 38% are positive. KeyBanc Capital Markets maintained the shares of WMT in report on Wednesday, October 11 with "Buy" rating. Seventeen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The firm has "Outperform" rating given on Tuesday, August 11 by Credit Suisse. On Thursday, August 24 the stock rating was upgraded by JP Morgan to "Neutral". The stock has "Buy" rating by Oppenheimer on Tuesday, October 10. The rating was maintained by BMO Capital Markets on Friday, December 15 with "Outperform".

Since August 21, 2017, it had 0 buys, and 12 selling transactions for $1.37 billion activity. On Monday, August 21 the insider WALTON JIM C sold $37.94 million. Horrell Mgmt reported 1.31% in Walmart Inc. (NYSE:WMT) for 9,866 shares.

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Wal-Mart Stores (NYSE:WMT) last posted its quarterly earnings data on Tuesday, February 20th.

Walmart Inc (wmt) reported a stellar holiday season if you consider US sales and shopper visits. (NYSE:WMT) to report earnings on February, 20. This is up from its earnings per share of $1.30 from the same time a year ago. WMT's profit will be $4.03B for 19.26 P/E if the $1.36 EPS becomes a reality.

Analysts polled by Thomson Reuters expected WMT to report income of $ 1.37 per share on revenue of $ 134.91 billion for the fourth quarter. It also increased its holding in Citigroup Inc. About 2.24M shares traded.

Among 37 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 18 have Buy rating, 0 Sell and 19 Hold. Therefore 49% are positive. Goldman Sachs Group raised shares of Wal-Mart Stores from a "neutral" rating to a "buy" rating in a research report on Thursday, January 18th. (NYSE:WMT) on Friday, November 18 with "Market Perform" rating. The company was maintained on Friday, November 18 by Telsey Advisory Group. The company was maintained on Friday, May 20 by Nomura. The rating was upgraded by Macquarie Research to "Buy" on Friday, July 28. The rating was maintained by Wolfe Research with "Underperform" on Saturday, August 22. The rating was maintained by Stifel Nicolaus on Wednesday, August 9 with "Hold". The rating was maintained by RBC Capital Markets with "Sell" on Monday, July 24.

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